Aladdin Expected to Make Payment
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Aladdin Gaming, which runs a casino on the Las Vegas Strip, is expected to make a $11.3-million interest payment due on $458.7 million in debt, the Las Vegas Review Journal reported. The company said last month that it might not have the cash to make debt payments this year. But Aladdin spokesman Lynn Holt told the paper Tuesday that the company had “no reason” to believe it wouldn’t make the payment. Aladdin also has no intention of filing for bankruptcy soon, Holt told the paper. The casino opened in August at a cost of $1.02 billion. It includes 2,567 hotel rooms and a 116,000-square-foot casino.
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